Israel Dil 06:27 GMT May 24, 2013 Reply   
buy gold the coming two weeks and take three months long holiday. Can't see gold going sub 1200$ the coming three months but well seeing gold as rising above 1700$ this summer.


bye :-)

Israel Dil 06:23 GMT May 24, 2013 Reply   

all financial instruments will top early next week to take the sort of an amazing dive that happens once in long time.

loads of day trading blood is about to appear soon, very soon.

Syd 06:09 GMT May 24, 2013 Reply   
PETER Costello, the Liberal treasurer who featured in a Labor Party attack ad during the last election campaign accusing Tony Abbott of being an economic illiterate, will tonight praise the Opposition Leader's budget reply speech as "the best in decades".

"It shows that the Coalition understands the dimension of the task ahead and is ready to rescue the situation."

ed kw 05:57 GMT May 24, 2013 Reply   
ETFs were slammed from Nikkei carry trade selloff but BN reports that big funds were flat so mom & pop whent to the cleaners agan

Syd 05:39 GMT May 24, 2013 Reply   
(GR) Troika telling domestic commercial banks to sell off their non-banking activities in Greece and their subsidiary and affiliated banks in Southeastern Europe - ekathimerini- Credit institutions will have to submit their plans to comply by the end of June and then, following consultation, final plans will be agreed by mid-July. - Troika wants to see a drastic cut in the presence of domestic banks in countries in the Balkans. - Source TradeTheNews.com

Syd 05:32 GMT May 24, 2013 Reply   
The Australian dollar faces further sharp losses in the next 12 months as it rediscovers its historic link to commodity prices, analysts say.

The dollar sank to a fresh 11-month-low of 95.94 yesterday. It was trading at 96.8 US cents this afternoon following a rollercoaster overnight session.

The revised forecasts from analysts come as HSBC flagged Australia’s entry into the global “currency war”, which has seen central banks print billions in cash to push their currencies lower.

Credit Suisse said its analysts had been “too timid” in their previous forecasts, given the structural fall in the dollar has happened more quickly than was expected.

HSBC said Australia entered the so-called currency war when the Reserve Bank eased the cash rate to a half-a-century low of 2.75 per cent earlier this month. Since the decision, the currency has fallen nearly by nearly 6 per cent.

“This change in tone signifies intent by the RBA to ensure a weaker [Australian dollar].”

Syd 05:23 GMT May 24, 2013 Reply   
THE Australian dollar remains under pressure as banks slash forecasts and traders increasingly spruik shorting the currency.

After a host of investment banks yesterday lowered their predictions for the dollar, HSBC today cut its year-end forecast to US90 cents, from US95c as the “currency war” intensifies.

“The global currency war is escalating, the central banks are winning and the US dollar bull market is gaining momentum,” said HSBC.

It came as Goldman Sachs’s Hong Kong office said in a note overnight that its “top trade recommendation” was to be short the Australian dollar versus the Norwegian Krone. Last week, high profile Bell Potter stockbroker Charlie Aitken predicted that a wave of hedge funds were set to short the currency.

Goldman last week cut its cut its 12-month forecast for the Aussie to US90c, down from US98c, on bets that capital flows into the currency would slow. Yesterday, UBS and AMP Capital also lowered their forecasts, while Credit Suisse said the Aussie would fall to US92c in three months and US85c in 12 months.

“Clients have asked whether our Australian dollar-bearish views are consistent with our forecast for a sustained pick-up in global growth starting in the second half of the year,” the Goldman note said. “The answer to this question is 'yes'.

Goldman’s thesis is based on its bet stronger global growth will not generate higher commodity prices due to abundant supply and that the Australian economy will lag the global cycle due to the peak in mining investment and “insufficient momentum in the rest of the economy to pick up the slack”.

“Lastly, Australia’s carry credentials are likely to tarnish as other central banks hike rates and a more certain macro outlook diminishes the need for triple-A-rated assets,” the note said.

LINK

HK RF@ 05:11 GMT May 24, 2013 Reply   



Or Abe likes to put some more money to support.

GVI Forex Blog 04:51 GMT May 24, 2013 Reply   
- (NZ) NEW ZEALAND APR TRADE BALANCE (NZ$): 157M V 515ME (3-month low); EXPORTS: 3.95B V 4.06BE; IMPORTS: 3.80B V 3.60BE - (PH) PHILIPPINES MAR TRADE BALANCE: -$593M V -$967M PRIOR; TOTAL IMPORTS: $4.

TradeTheNews.com Asian Market Update: Japan stocks rebound from overnight collapse as yen-sellers resurface - Source TradeTheNews.com

HK RF@ 04:27 GMT May 24, 2013 Reply   


Europe will likely drop.

Syd 04:08 GMT May 24, 2013 Reply   
Magnitude 5.7 quake strikes Northern California - U.S. Geological

LINK

GVI Forex Blog 03:38 GMT May 24, 2013 Reply   
Most of the global markets are around their short term supports. So we may see some bounce

Morning Briefing : 24-May-2013 -0337 GMT

Hong Kong AceTrader 01:41 GMT May 24, 2013 Reply   
Market Review - 23/05/2013 22:58GMT

Yen rallies after weak Chinese data and plunge in the Nikkei boost risk aversion

The Japanese yen rallied after reaching a fresh 4-1/2 year low yesterday after weaker-than-expected Chinese data and selloff in Japanese stocks boosted risk aversion. The yen was also supported due to the jump in 10-year Japanese government bond yields, which rose to 1%, the highest in a year.

China HSBC flash manufacturing PMI dropped to 49.6 in May from 50.4 previously.

Despite a brief rebound to session high at 103.57 in early Asian morning, price began intra-day decline after data showed Chinese manufacturing activity contracted for the first time in 7 months. A selloff in Asian equities (Japan’s Nikkei 225 stock gauge tumbled by 7.3%) increased safe haven demand and price continued to ratchet lower, eventually falling to a low at 100.83. However, the greenback pared intra-day losses and rebounded in New York, helped by the release of better-than-expected U.S. jobless claims, pricre later edged higher to 102.06 near New York close.

U.S. weekly initial jobless claims came in at 340K, better than the expectation of 345K, prior reading was revised to 363K.

Although the single currency rebounded to 1.2856 in Asian morning, price met renewed selling there and retreated to session low at 1.2821 at European open. However, euro pared intra-day losses and rose to 1.2904 in European morning, helped by the release of better-than-expected Germany and EU manufacturing PMI. Despite a brief pullback to 1.2876, price resumed intra-day ascent and climbed to a high at 1.2957 in New York morning before stabilising.

German manufacturing PMI in May came in at 49.0, better than expectation of 48.5. Euro zone manufacturing PMI in May came in at 47.8, stronger than the forecast of 47.0.

The British pound also rebounded in Asian morning to 1.5053 before briefly retreating to 1.5022 at European open. Cable found renewed buying there and rose to 1.5094 in European morning after government report confirmed the U.K. economy returned to growth in the first quarter. Despite a brief pullback to 1.5054 in New York morning, price climbed to an intra-day high at 1.5129 in New York morning.

U.K GDP 2nd release in Q1 is reported 0.3% Q/Q n 0.6% y/y, same as expectation.

In other news, Japan EconMin Akira Amari said 'Japan's economy is on way to recovery, no need to be upset about sharp fall in stocks; closely watching market movements; natural for yen to gain in reaction to sharp falls in stocks' ECB's Nowothy said 'euro zone growth in 2013 could be worse than EU originally forecast; not time yet to unwind massive intervention by central banks to support economies.'

Data to be released on Friday:

New Zealand import, export, trade balance, Germany GDP, export, import, Gfk consumer confidence, Ifo business climate, current assessment, France business climate, Italy consumer confidence, UK mortgage approvals, U.S. durable goods, ex. transport and ex. defense.

to dk 01:34 GMT May 24, 2013


gy

Melbourne Qindex 01:18 GMT May 24, 2013
Buy EURUSD
Entry: Target: Stop:




EUR/USD : The market is positive when it is able to close above the barrier at 1.2900 // 1.2904 in the last New York session. Speculative buying interest will increase when the market is trading above 1.2996 // 1.2999. The daily cycle normal limits are positioning at 1.30016 - 1.31562 - 1.30645.


Qindex.com

EUR/USD : Monthly Cycle Charts

Syd 01:16 GMT May 24, 2013 Reply   
Former Reserve Bank of Australia board member and economist Warwick McKibbin believes Australia's resources sector will come under even greater pressure as shale gas in the United States continues to emerge as a new global energy source, The Australian Financial Review reports.

According to the newspaper, Mr McKibbin said successive governments had squandered the benefits of the mining boom by spending too much.

He added the expansion of shale gas was likely to reduce gas prices around the world from 2016.

"From Australia’s point of view this shock in the US reduces Australia’s terms of trade by about eight per cent over the next couple of years," professor McKibbin told the AFR.

"That’s a fairly big negative shock and will weigh quite heavily on the Australian dollar."

"That’s a fairly big negative shock and will weigh quite heavily on the Australian dollar."

JERUSALEM KB 21:37 GMT May 23, 2013
Sell USDJPY
Entry: 102.60 Target: 101.75-100.8 Stop: 103.10

sell limit too

GVI Forex Inner Circle 21:30 GMT May 23, 2013 Reply   


May 23, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 24. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: DE- IFO Survey, US-Durable Goods

• Far East: No Major Data.
• Europe: DE- IFO Survey.
• North America: US- Durable Goods, COT Report.


Direct links to primary data sources

GVI Forex Inner Circle 20:52 GMT May 23, 2013 Reply   

• HIGH IMPACT ITEMS:  DE- IFO Survey, US- Durable Goods
  
• As we predicted early Thursday markets spent the session digesting the short-term implications of the testimony by Chairman Bernanke on Wednesday. Traders have come to the  REALIZATION that the Fed is moving into a transition period for policy.  A policy transition implies that interest rates (read bond yields) will be moving higher and if the move to fast or too far they could weigh on stock prices. One fear at the Fed is that this transition could weigh on the economy and on the pace of jobs growth.
  
• It is a fear of the "shock effect" on the market that has Bernanke trying to desensitize the markets to this change in policy well before it  hits. The transition back to a more "normal" policy will be gradual and governed by the performance of the economy and mostly  jobs. In terms of trading, expect USD values to be heavily influenced by stock and bond markets and for stock and bond markets to be highly sensitive to economic data reports.
  
• The flash China (HSBC) PMI data fell below the key 50 expansion/contraction line, while German and French data were a touch stronger. The EZ flash PMI was better than expected but sill below the 50 expansion line..
  
• U.S. key Weekly Jobless claims returned to back below 350K in the month. The Markit flash PMI fell modestly, while  New Home Sales were strong.
• The critical German IFO Survey is due on Friday.
  

GVI Forex Blog 20:51 GMT May 23, 2013 Reply   
HIGH IMPACT ITEMS: DE- IFO Survey, US- Durable Goods As we predicted early Thursday markets spent the session digesting the short-term implications of the testimony by Chairman Bernanke on Wednesday. Traders have come to the REALIZATION that the Fed is moving into a transition period for policy. A policy transition implies that interest rates (read bond yields) will be moving higher and if the move to fast or too far they could weigh on stock prices. One fear at the Fed is that this transition could weigh on the economy and on the pace of jobs growth.

German IFO data due Friday. Pre-holiday U.S. calendar light

Amman wfakhoury 20:19 GMT May 23, 2013 Reply   
Amman wfakhoury 10:51 GMT May 23, 2013
AUDUSD .9770: Reply
0.9770 confirmed ..will be reached


-------------------
Third target 0.9770 reached.

GVI Forex Inner Circle 19:51 GMT May 23, 2013

UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.

GVI Forex Inner Circle 19:16 GMT May 23, 2013 Reply   
Preliminary Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands

JERUSALEM KB 18:47 GMT May 23, 2013
Sell USDJPY
Entry: 100.70 Target: 99.70-99.10 Stop: 101.70

SELL STOP

JERUSALEM KB 18:44 GMT May 23, 2013
JAY I WILL

GVI Forex Jay Meisler 18:42 GMT May 23, 2013
KB check your email from yesterday

GVI Forex Jay Meisler 18:42 GMT May 23, 2013
KB check your email from yesterday

JERUSALEM KB 18:41 GMT May 23, 2013


Gold
Entry: Target: Stop:

Gold form strong support ress. , strong sell signal formed below 1418 ress. followed by double bottom on 1hr chart which may put gold in a side way trading between both levels for a short term.

i took 45 trades in 2 trading weeks , 25short & 20 longs result with 33 win and 12loss , 40 scalp(50 to 60 pips) and 5 ends with 250pips+ for each(i shared those five on GV).

london red 17:25 GMT May 23, 2013 Reply   
eurchf looks to be running out of steam and rolling over intraday. did a nice bounce from lows but recent high was a fibo off big multi year move. long wick on top dailz candle and as long as stays below 1.26, a move to 123-122 possible technically, but first priority to take 10 day ma and then intraday low out.

Hillegom Purk 16:54 GMT May 23, 2013 Reply   
Good day. Today a good day for Ozmond. I rather see it go back to 92 minus for 500 pips up.
Stay tuned...

Cambridge Joe 16:51 GMT May 23, 2013
Thanks red, that would appear to bear out the way it looks !

Mtl JP 16:50 GMT May 23, 2013
Marketwatch - Bernanke to Congress: You’re killing us
Commentary: Fed chief tries to use bully pulpit one more time

london red 16:49 GMT May 23, 2013
Joe, they wont print for various reasons, but since the greece and cyprus incidents have been digested, draghi hasnt missed a chance to talk the euro lower.

Mtl JP 16:44 GMT May 23, 2013
Joe I would suggest that market may reward reports of attention to certain issues / progress in them, such as the upcoming yak by Weidmann whose topic is on Crisis and Risk for European Integration. (in about 45 minutes)

Cambridge Joe 16:39 GMT May 23, 2013
JP charts appear to suggest that Drahgi has a laxative effect on e/$ . :-)

london red 16:38 GMT May 23, 2013 Reply   
still 25 mins to go but possible hourly reversal on sp500, stopped at 100 hour ma and just short of 38.2% retracement of yesterdays fall from high/low. if we get a large wick on hour candle, this nervous market might run back to lows.

Mtl JP 16:36 GMT May 23, 2013
current euro overhead block 50 day 1.2983

and ... 20 day 1.3006 above that

Mtl JP 16:33 GMT May 23, 2013
heads up:
Draghi yaks in London in 3 hrs
on Future of Europe

london red 16:33 GMT May 23, 2013
high often given as highest price paid ie the offer side, so unless your kiwi spread is a point or less, you won't have got filled unfortunately.

SaR KaL 16:31 GMT May 23, 2013
red USDCAD...what i got;
i think 1 more week to near 1.06
will start selling next week if above 1.06

london red 16:28 GMT May 23, 2013
today market is discounting european yields and potential italy referendum headache. ifo tomorrow morning may refocus attention on europe.

manila 16:25 GMT May 23, 2013 Reply   
Buy EURUSD
Entry: Target: Stop:

euro should reach 1.3020 by month end

london red 16:25 GMT May 23, 2013
usdcad coming up to hourly 100 ma just under 1.03, has supported trend since test of parity just over a week ago. if cracked can take us to 10260. market is overbought on the dailies but that has never stopped a trending market, so can go either way.

Cambridge Joe 16:18 GMT May 23, 2013
e/$ I'm getting abt 15 mins....

SaR KaL 16:15 GMT May 23, 2013
might see 1.2734 next day for eurusd

HK Kevin 16:15 GMT May 23, 2013
NZD sell order at 0.8170. I see high at NetDania is 0.8171, but my broker said it was not filled.

SaR KaL 16:12 GMT May 23, 2013
eurusd will fall bad folks

SaR KaL 16:01 GMT May 23, 2013
waaass up Joe?
thanks man!!

USDCAD Buy Mode on from 1.0300 to 1.0277

Cambridge Joe 15:59 GMT May 23, 2013
Maan you are on Fire !! LOL !

SaR KaL 15:56 GMT May 23, 2013
Audusd
eurusd and nzdusd
back on sell mode

GVI Forex Inner Circle 15:40 GMT May 23, 2013
Major bond market prices mixed. Peripheral prices are lower.

Amman wfakhoury 15:34 GMT May 23, 2013 Reply   
Amman wfakhoury 10:49 GMT May 23, 2013
GBPUSD 1.5099: Reply
1.5099 confirmed ..will be reached


-------------
second target 15099 reached

GVI Forex Blog 15:13 GMT May 23, 2013 Reply   
May 23, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 24. Updated: Trading Events Calendar HIGH IMPACT RELEASES: DE- IFO Survey, US-Durable Goods.

GVI Forex Data Outlook for 24 May 2013

GVI Forex Inner Circle 15:11 GMT May 23, 2013 Reply   


May 23, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 24. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: DE- IFO Survey, US-Durable Goods.

• Far East: No Major Data.
• Europe: DE- IFO Survey.
• North America: US- Durable Goods, COT Report.


Direct links to primary data sources

ed kw 14:34 GMT May 23, 2013
The question remains: When Will Hedge Funds and FX Traders Close their Short Yen Positions? We think with the arrival of stronger Japanese data, they will. We judge that Japan might be the G7 country with the strongest growth in 2013.On the other side inflation will be clearly lower than 2%. Therefore it is time to short USD/JPY, AUD/JPY and NZD/JPY.

Read more at: http://snbchf.com/2013/03/when-hedge-funds-close-their-short-yen/ - SNB & CHF

http://snbchf.com/2013/03/when-hedge-funds-close-their-short-yen/

GVI Forex Inner Circle 14:30 GMT May 23, 2013
US Natural Gas

GVI Forex Jay Meisler 14:26 GMT May 23, 2013 Reply   
This is worth taking a look at:

Try a Better Broker

GVI Forex Inner Circle 14:14 GMT May 23, 2013

GVI Forex Inner Circle 14:08 GMT May 23, 2013


New Homes Sales, Starts and Permits. New Homes Sales just released and stronger than forecast.

GVI Forex Inner Circle 14:02 GMT May 23, 2013
good new homes sales number. It confirms what we have been hearing anecdotally.

GVI Forex Inner Circle 14:00 GMT May 23, 2013

GVI Forex Inner Circle 14:00 GMT May 23, 2013

GVI Forex Inner Circle 13:42 GMT May 23, 2013

GVI Forex Inner Circle 13:01 GMT May 23, 2013


U.S. flash Markit (not ISM) Mfg PMI a touch weaker mo/mo.

GVI Forex Inner Circle 12:58 GMT May 23, 2013

GVI Forex Inner Circle 12:52 GMT May 23, 2013

HK RF@ 12:44 GMT May 23, 2013 Reply   


But the burst-start of the Japanese bubble.

What happened today in Japan should raise the battle cry of the small investor:"Let me out of here NOWWWW!!!"

US Data is a fool's comfort, just to distract the investors of the real problem!!! BUBBLES BUBBLES UNJUSTIFIES INFLATED MARKET LEVELS.

Ben and his surrogates will try to stabilize, but maybe people are getting tired of this dangerous BUBBLESH!T and leave.

Take off any profit from the table and run for your lives.

hk ab 12:43 GMT May 23, 2013
If that's the case, let's speed up the crash of all the indices then.

GVI Forex Inner Circle 12:40 GMT May 23, 2013
Not a barn-burner, but the data keep the possibility of an earlier Fed tapering alive.

GVI Forex Inner Circle 12:36 GMT May 23, 2013
U.S. Weekly jobless claims back below the key 350K line. New recent low for continued claims. Recall benefits eventually run out.

Click on chart for ten-year history

london red 12:34 GMT May 23, 2013
Imo a market calming number. Not too strong to talk about tapering, but strong enough to suggest economy stumbles along at 2/2.5%. Should be dollar positive, stocks shouldnt crumble either once hit 1630

GVI Forex Inner Circle 12:31 GMT May 23, 2013
U.S. Weekly Jobless

Amman wfakhoury 12:22 GMT May 23, 2013 Reply   
Amman wfakhoury 10:50 GMT May 23, 2013
EURUSD 1.2910: Reply
1.2910 confirmed ..will be reached.


-----------------
first target 12910 reached.

ed kw 12:09 GMT May 23, 2013
In any risk off market there comes a time when higher bond yields encourage buying in the underlying currency //BNN reported that higher bonds can be not a flight to usd

GVI Forex Inner Circle 12:09 GMT May 23, 2013
red- yes I agree

GVI Forex Inner Circle 12:08 GMT May 23, 2013 Reply   

london red 12:07 GMT May 23, 2013
Yes it can be/is misleading but market is edgy and will sell/buy first, ask questions later, hence the possible flip in trend after initial move.

GVI Forex Inner Circle 12:03 GMT May 23, 2013
red - I agree 100% and have been using +/- 350 in initial jobless claims as my benchmark level of economic strength or weakness. Of course this tends to be a volatile series so it could be misleading to focus too heavily on any given report.

london red 11:48 GMT May 23, 2013
Coming up us jobless claims. This number is most important today and will most certainly drive the initial new york session move. I say initial as a strong number will almost certainly result in a dollar drive higher but the stockmarket may in time drive the dollar back down against the yen and swiss franc. In any risk off market there comes a time when higher bond yields encourage buying in the underlying currency so this can flip the dollar back up at some stage if lower.

GVI Forex Jay Meisler 11:30 GMT May 23, 2013 Reply   
For those who did not receive our email, see below:

Dear Global-View Member.

If you are a

* fund manager looking to raise funds

* looking to be a fund manager

* looking to invest in a managed account

* looking to mirror trade

Send me an EMAIL as we are looking for all of the above.

Regards,


Jay Meisler, co-founder
Global-View.com

Melbourne Qindex 11:29 GMT May 23, 2013
EURUSD
Entry: Target: Stop:

EUR/USD : In the New York session the odds are against short position when the market is above 1.2982 // 1.2987.


Qindex.com

EUR/USD : Monthly Cycle Charts

Melbourne Qindex 11:18 GMT May 23, 2013
Buy EURUSD
Entry: Target: Stop:




EUR/USD : The bias is on the upside when the market is above 1.2876. Speculative buying interest will increase when EUR/USD is trading above 1.2900 // 1.2904. The odds are in favor of maintaining a long position when the market momentum is strong enough to overcome the resistance at 1.2999.


Qindex.com

EUR/USD : Monthly Cycle Charts

GVI Forex Inner Circle 11:15 GMT May 23, 2013 Reply   
Fed's Bullard: Not Considering Implementing Any of Exit Steps

SaR KaL 11:03 GMT May 23, 2013
Linear Regression Belongs to idiota

SaR KaL 10:54 GMT May 23, 2013
"No Comments"..LOL
EURUSD short from 1.2957
for 1.24 tgt

Amman wfakhoury 10:51 GMT May 23, 2013 Reply   
0.9770 confirmed ..will be reached

Amman wfakhoury 10:50 GMT May 23, 2013 Reply   
1.2910 confirmed ..will be reached.

Amman wfakhoury 10:49 GMT May 23, 2013 Reply   
1.5099 confirmed ..will be reached

SaR KaL 10:47 GMT May 23, 2013
usdcad longs from 1.03 to 1.0277
for 1.0550 tgt

SaR KaL 10:42 GMT May 23, 2013
nzdusd
adding shorts
.8120 to .8145
tgt .75

SaR KaL 10:37 GMT May 23, 2013
watch gbpchf blow north guys

GVI Forex Blog 10:32 GMT May 23, 2013 Reply   
Risk aversion theme dominated the Asian session but sentiment calmed down a bit after major European PMI manufacturing data beat expectations

TradeTheNews.com EU Market Update: Improvement in Major European PMI data helps to offset a degree of risk aversion

SaR KaL 10:31 GMT May 23, 2013
cable will short from 1.5190
to 1.5237
for 1.47 tgt

SaR KaL 10:18 GMT May 23, 2013
I Miss Amman WFakhawi today

SaR KaL 09:47 GMT May 23, 2013
cadchf
bullish

longs
0.9296
0.9325
accumaltion

for .98 in 2 weeks

Cambridge Joe 09:47 GMT May 23, 2013 Reply   
May crash and burn, but I'm attempting a small e/$ short scalp here .2891 entry.

SaR KaL 09:40 GMT May 23, 2013
Kwun
too risky

i am very long usdjpy now

Central Kwun 09:23 GMT May 23, 2013 Reply   
Sell USDJPY
Entry: 101.3 Target: Stop: 99

can back below 100?

ed kw 09:21 GMT May 23, 2013 Reply   
ed kw 20:36 GMT May 16, 2013
u/j forecast : Reply
ed kw 22:06 GMT May 12, 2013 Reply
Analysis of the monthly chart reveals two major trend lines that lie at 108.66 and 112.27. This creates a powerful area of resistance. The long-term fair value chart shows that the beginnings of a long period of sideways price movement lurks just above par at 100.48. This level is significant as it is what I call a "Bull Trap." Traders see the break above a key technical level at par and think a new, higher leg is developing, only for price to reverse sharply. A close above 102.00 would then target the 112.12 distribution lows, and potentially the fair value from the 2001 highs at 117.96. Key support is at Friday's low at 0.9822.

london red 09:20 GMT May 23, 2013
its certainly overbought, right on upper daily bollinger.

Cambridge Joe 09:18 GMT May 23, 2013
red my hourly suggest usdcad has much more South side to offer... over days. IMO.

SaR KaL 09:18 GMT May 23, 2013
usdjpy tgt 105.3

ed kw 09:15 GMT May 23, 2013
BNN did call 1.05 av for xsports to chin_a aren't strong ap 30 days old

Cambridge Joe 09:14 GMT May 23, 2013
Cambridge Joe 06:44 GMT May 23, 2013
USDCAD: Reply
USDCAD softer here IMO. GL

#########

closed 1/3. sl to entry.

london red 09:11 GMT May 23, 2013 Reply   
10343 was big res now big support, below then risks return to trendline. anything below 10250 suggests a reversal.

Amman wfakhoury 09:03 GMT May 23, 2013 Reply   
Amman wfakhoury 07:33 GMT May 23, 2013
GOLD 1391.50: Reply
Eyes on 1391.50


--------------
1391.50 reached

hk ab 08:54 GMT May 23, 2013 Reply   
it's called e/j - gold inverse relationship.

hk ab 08:53 GMT May 23, 2013 Reply   
I think we are repeating the "mistake" made in 1995 and 2001 version but this time on eur/jpy.....

How deep can eur/jpy go? no one knows......

Maybe 110-115?

GVI Forex Inner Circle 08:41 GMT May 23, 2013 Reply   

• HIGH IMPACT ITEMS:  EZ- Consumer Confidence. GB- GDP, US- Weekly Jobs, flash Markit PMI, New Homes Sales
  
• As markets have adjusted to testimony by Chairman Bernanke comments yesterday, the focus has shifted to the REALIZATION that we are moving into a transition period for Fed policy. This realization has seen bond and equity prices fall.
  
• The bottom line message from Bernanke was that Fed bond purchases are not going to last forever. On the other hand, the transition back to a more "normal" policy is going to be gradual and governed by the performance of the economy and more specifically the jobs markets.
  
• A slew of flash PMI reports for May are due on Thursday. Flash China (HSBC) PMI data fell below the key 50 expansion/contraction line, while German and French data were a touch stronger.
  
• U.S. key Weekly Jobless claims, the Markit flash PMI and  New Home Sales are awaited today.
• The critical German IFO Survey is due on Friday.
  

GVI Forex Blog 08:39 GMT May 23, 2013 Reply   
HIGH IMPACT ITEMS: EZ- Consumer Confidence. GB- GDP, US- Weekly Jobs, flash Markit PMI, New Homes Sales As markets have adjusted to testimony by Chairman Bernanke comments yesterday, the focus has shifted to the REALIZATION that we are moving into a transition period for Fed policy. This realization has seen bond and equity prices fall.

Markets digesting Bernanke. PMI data are mixed.

london red 08:38 GMT May 23, 2013 Reply   
yen stops short of 23.6% retracement (100,73) of move from feb13 low. if revisited and taken, would suggest correction much deeper below 100.

Cambridge Joe 08:37 GMT May 23, 2013
Cambridge Joe 06:33 GMT May 23, 2013
Cable: Reply
Buying Cable abt half an hour from here


###

Profit taking abt 10 mins out. Softr for a time. (down) late resumes upwsing.IMO.GL

GVI Forex Inner Circle 08:34 GMT May 23, 2013


U.K. 1Q13 preliminary GDP unrevised. A mild disappointment.

GVI Forex Inner Circle 08:31 GMT May 23, 2013
Overall UK GDP data unchanged. Mild disappointment for some.

GVI Forex Inner Circle 08:30 GMT May 23, 2013

GVI Forex Inner Circle 08:23 GMT May 23, 2013 Reply   

GVI Forex Inner Circle 08:08 GMT May 23, 2013


EZ Services PMI better expected, Still sub-50.

GVI Forex Inner Circle 08:07 GMT May 23, 2013


EZ Mfg PMI better than expected. Still sub-50.

GVI Forex Inner Circle 07:59 GMT May 23, 2013

GVI Forex Inner Circle 07:45 GMT May 23, 2013 Reply   

Syd 07:39 GMT May 23, 2013 Reply   
Wayne Swan as a toddler
http://i.imgur.com/XaiUx.gif

GVI Forex Inner Circle 07:33 GMT May 23, 2013
Mixed German PMI data as well but on balance a touch better as in the case of France. EURUSD is higher.

GVI Forex Inner Circle 07:32 GMT May 23, 2013

Amman wfakhoury 07:30 GMT May 23, 2013 Reply   
Syd 07:23 GMT May 23, 2013
Aud: Reply

About 2,500 jobs are under threat
--------------
Do you have their names ?

Syd 07:23 GMT May 23, 2013 Reply   

About 2,500 jobs are under threat following the failure of one of Australia's biggest cleaning companies.

Up to 2,500 cleaning jobs at risk after collapse of Swan Services

GVI Forex Inner Circle 07:18 GMT May 23, 2013 Reply   

GVI Forex Inner Circle 07:11 GMT May 23, 2013 Reply   

dc CB 07:05 GMT May 23, 2013


Smoke em if you got em

GVI Forex Inner Circle 07:04 GMT May 23, 2013 Reply   
Prices in prime fixed income market mixed. Some catch -up from Wednesday Peripherals weaker.

GVI Forex Inner Circle 06:58 GMT May 23, 2013

Syd 06:58 GMT May 23, 2013 Reply   
(JP) Japan Econ Min Amari to hold press conference at 04:00 ET (08:00 GMT) - Source TradeTheNews.com

GVI Forex Inner Circle 06:51 GMT May 23, 2013 Reply   

Cambridge Joe 06:44 GMT May 23, 2013 Reply   
USDCAD softer here IMO. GL

Syd 06:36 GMT May 23, 2013 Reply   
AU) Foreign investors may start to pull out of Australian real estate assets if AUD continues to fall - AFR - Source TradeTheNews.com

dc CB 06:36 GMT May 23, 2013
THE NAME OF THE GAME...tis Joined...and it's not personal...it's just the current game
+++++++++++++++++++++++++
Israel Dil 18:28 GMT May 22, 2013
SELL EVERYTHING
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!11111

dc CB 01:22 GMT May 23, 2013
United States: Reply
continuing with POMO After the 3 day Weekend

Tues $1.25 - $1.75 billion
Wed $2.75 - $3.50 billion
Thurs $1.25 - $1.75 billion
Fri to End the New Highs Month $4.25 - $5.25 billion

If Stox sell off in the face of this? Which would include the 20th in a Row Up Tuesday(if it does occur...it will)

Cambridge Joe 06:33 GMT May 23, 2013 Reply   
Buying Cable abt half an hour from here

GVI Forex Blog 06:30 GMT May 23, 2013 Reply   
- (CN) CHINA MAY HSBC FLASH MANUFACTURING PMI: 49.6 V 50.4E (first contraction in 7 months) - (AU) AUSTRALIA MAY CONSUMER INFLATION EXPECTATION: 2.3% V 2.2% PRIOR - (SG) SINGAPORE Q1 FINAL GDP Q/Q: +1

TradeTheNews.com Asian Market Update: China flash manufacturing PMI contracts for the first time in 7 months; AUD hits new 11-month lows - Source TradeTheNews.com

Singapore SGFXTrader 06:29 GMT May 23, 2013
Yeah, AUDUSD touch 0.9607 just now. Every market is doing a mad sell into AUD. I reckon that there might have a mini-AUD ejaculation soon.


Haifa ac 06:22 GMT May 23, 2013 - My Profile
Massive selloffs in AUDJPY: Reply
Sorry. THat was reference to AUD/USD, not the yen spread.

Haifa ac 06:22 GMT May 23, 2013
Sorry. THat was reference to AUD/USD, not the yen spread.

london red 06:21 GMT May 23, 2013
Jpy safe haven effect during risk off. Also its a smaller point but during last week of available data japanese investors completely reversed 3 weeks of foreign bond buying and became net sellers.

Haifa ac 06:20 GMT May 23, 2013
95.80--2012 low should provide temporary support. we are practically there.

dc CB 06:18 GMT May 23, 2013
one way to get the 10Y yield back down below 2%

Cut their f*&king throats

Oh excuse me it's just Justice where Pirates(Terrorists) are concerned. Specutlator HedgeFunds Shites.

Singapore SGFXTrader 06:17 GMT May 23, 2013 Reply   
AUD is under alot of pressure lately.

Haifa ac 06:08 GMT May 23, 2013
"any news for JPY rise? nikki is dropping 5%"

yes
They discovered Gravity.

Central Kwun 05:42 GMT May 23, 2013 Reply   
USDJPY
Entry: Target: Stop:

any news for JPY rise? nikki is dropping 5%

SaR KaL 05:24 GMT May 23, 2013
changed eurusd tgt to 1.24
cable will short above 1.51 tgt 1.47

SaR KaL 05:08 GMT May 23, 2013
gbpchf is good buy around 1.4650 to 1.4620
for 1.50 tgt

SaR KaL 05:00 GMT May 23, 2013
Kw/
AUDJPY now bullish for next week
from 97 and lower seems ok for 101 area
nzdjpy will still short above 83 this week
for tgt 81
bullish from 81 into next week to possible 84

reall bullish is gbpjpy (Here) and eurjpy (<131)
USDJPY will buy 102.2 to 102 for 108 tgt

Blore RKG 04:42 GMT May 23, 2013 Reply   
For all Abenomics fans, this would serve as a caution.. a very nice presentation in terms of content and logic

http://www.planbeconomics.com/2013/05/must-watch-christine-hughes-of.html

ed kw 04:31 GMT May 23, 2013
aud/jpy pos 95 ferst

ed kw 04:29 GMT May 23, 2013
nikkei is still looking for support its following the s/p pos see where support is get a good entory

SaR KaL 04:20 GMT May 23, 2013
good day to long gbpjpy
will tgt 160 in a week

Sydney ACC 04:06 GMT May 23, 2013
Just like old times.

Central banks great investors diversifying out of USD into and at:

Gold - USD 1,600

AUD - USD 1.05

EUR - USD 1.45

ed kw 04:01 GMT May 23, 2013
aud/usd monthly chart indicates a lot of stops under .9500 can send aud to a herded rush for the small door

Syd 03:17 GMT May 23, 2013 Reply   
NVESTMENT banks have continued to go cold on the Australian dollar, with Credit Suisse’s global strategists telling clients the Aussie could fall to 85 US cents in 12 months because "this time it's structural". “While a rebound remains possible, we think there is clear evidence that the Aussie is undergoing a structural downshift,” said the bank’s UK-based Aditya Bagaria, noting that in previous dips to around US97c in recent years the Aussie had quickly rebounded above parity.

After turning bearish on the “little Aussie battler” in January, Credit Suisse today again lowered its forecasts for the Australian dollar, predicting that it would fall to 92 US cents in 3 months and 85 US cents in 12 months.

Credit Suisse’s commodity team in Britain also told clients overnight the recent rise of the US dollar “is not the reason for commodity weakness”, with prices also weakening against other currencies. They added iron ore prices appear set to test $US120 a tonne and “we expect them to continue their recent break lower”.

Syd 03:11 GMT May 23, 2013 Reply   
AMP Capital Revises End-2013 Australian Dollar Forecast to US$0.95 from US$1.00

Westpac sees further declines in NZD/USD, AUD/USD


NZD/USD, AUD/USD are likely to see further fallout during the session from Bernanke's remarks about potentially tapering QE, says Westpac currency strategist Imre Speizer. And with Fed policy being data-dependent, there's extra onus on incoming US data, which includes jobless claims and manufacturing gauges on deck. NZD/USD last at 0.8077 vs. 0.8155 late Wednesday. Speizer says fallout from Bernanke could take the pair below 0.8060. AUD/USD last at 0.9701 vs. 0.9780 late Wednesday in Sydney. Speizer sees pair to break below 0.9660.

Syd 03:05 GMT May 23, 2013 Reply   
China's labor market has been a bright spot amid economic gloom. Strong jobs data over the past year has helped offset concerns about slowing growth. But there are signs employment is beginning to weaken too.

The official job numbers in China are irregular and, in some cases, inaccurate. But other sources of data fill in the blanks. For instance, the number of new jobs advertised on leading recruitment website Zhaopin.com fell sharply in April. With the first-quarter peak hiring season, some falling off in April is expected. But a 22% drop in new job postings from the previous month was the steepest decline since Zhaopin started collecting data in 2010.

Business surveys suggest the downturn is broad-based across manufacturing and services too. The preliminary reading for the HSBC China Manufacturing Purchasing Managers' Index in May showed factories trimming their workforce for a second month. Worryingly, the HSBC Markit services PMI also points to job losses.

If labor markets are turning down, they are at least doing so from a position of strength. China's private sector wages rose 14% in real terms in 2012, according the National Bureau of Statistics. Demand for workers outstripped supply by a record amount in the first quarter. The drop in new job adverts on Zhaopin came after a record high in March.

Demographic shifts means there is less need to create jobs. China's workforce is ageing and shrinking. But strong labor markets are still critically important for Beijing. Low unemployment and rising wages are the basis of social stability. Strong employment is also a crucial precondition for rebalancing the economy so that households are a bigger driver of growth. Data released by the National Bureau of Statistics this week showed that process has stalled, with the private consumption share of gross domestic product flat at 35.7% in 2012.

For now, the job indicators are flashing amber rather than red. Premier Li Keqiang has signaled that there is little scope for a stimulus. But if hiring continues to deteriorate, leaders will find it difficult to turn off the lending taps.

Dillon AL 03:04 GMT May 23, 2013
Is that a typo 2014....2013??

Syd 02:50 GMT May 23, 2013 Reply   
AMP Capital Says Australian Dollar Likely at US$0.90 by End-2014

Hong Kong AceTrader 02:08 GMT May 23, 2013 Reply   
Market Review - 22/05/2013 23:02GMT

Dollar rallies broadly on Bernanke's hawkish comments

The greenback surged against majority of its peers on Wednesday after Fed Chairman Ben Bernanke hinted at possibilities of the central bank slowing its bond purchases. Initially, dollar briefly dropped across the board after Bernanke said monetary stimulus is helping the U.S. economy recovery.

Fed's Bernanke testified on Capitol Hill and said 'U.S. monetary policy providing significant benefits, premature tightening would carry substantial risk; Fed will gradually reduce the flow of asset purchases if labor market improves in a real and sustainable way; Fed paying close attention to risk of financial instability; risks of financial instability does factor in to Fed thinking on the appropriate amount of monetary stimulus and exit strategy.'

Versus the Japanese yen, although the greenback rebounded to 102.65 at Asian open, price retreated to 102.35. However, dollar found renewed buying there and strengthened throughout European session after BoJ Governor Kuroda said he will maintain his loose monetary policy and rose to 103.18 at New York open. Despite brief pullback to 102.68 after Bernanke's initial comments, dollar rallied above last Friday's 103.32 high to a fresh 4-1/2 year high at 103.74 on dollar's broad-based strength.

Later, price pared intra-day gains and fell sharply to 102.73 in New York afternoon as minutes from the Fed's latest FOMC meeting showed policymakers were waiting for progress in labor market before altering the pace of their bond buying.

Although the single currency remained under pressure in Asia and retreated to 1.2904 at European open, price rose again in European morning and gained to 1.2959 in New York morning ahead of Bernanke's testimony in Congress. Despite a brief but sharp rise to an intra-day high at 1.2998 immediately after Bernanke's initial comments, euro swiftly pared intra-day gains and tanked after the chairman hinted at possibilities of the Fed slowing the pace of its bond purchases. Price eventually slumped to an session low of 1.2834 in New York afternoon.

The British pound remained under pressure in Asia and resumed recent decline to 1.5075 in European morning after a government report showed U.K. retail sales unexpectedly declined and as minutes of the Bank of England showed Governor Mervyn King was defeated for a fourth month in his bid to expand bond buying. Cable also rebounded swiftly to 1.5157 in New York morning before tumbling to a 7-week low at 1.5020 at New York midday before stabilising.

BoE minutes stated 'QE in May would have surprised markets, some members feared it could have created doubts about commitment to price stability; for others, case for more QE based on labour market slack, risk that euro zone weakness could push up sterling.'

U.K. April retail sales came in at -1.3% m/m 0.5% y/y versus forecasts of 0.0% n 2.0% respectively.

In other news, Fed's FOMC minutes stated ''many Fed participants felt continued labor market gains, more confidence in outlook, diminished risks needed b4 slowing bond buying; a number of participants expressed willingness to reduce pace of bond buying as early as June if economic growth strong, sustained; most participants emphasized importance of being prepared to adjust bond purchases up or down depending on incoming data.'

Data to be released on Thursday :

China HSCB flash manufacturing PMI, France manufacturing PMI, Germany manufacturing PMI, services PMI, EU manufacturing PMI, services PMI, UK retail sales, GDP, U.S. jobless claims, manufacturing PMI, house price index and new home sales.

Syd 02:07 GMT May 23, 2013 Reply   
Australian Dollar Falls to US$0.9628 on HSBC China PMI

GVI Forex 01:48 GMT May 23, 2013 Reply   
HSBC CHINA MAY FLASH PMI 49.6 VS APR FINAL 50.4

dc CB 01:22 GMT May 23, 2013
continuing with POMO After the 3 day Weekend

Tues $1.25 - $1.75 billion
Wed $2.75 - $3.50 billion
Thurs $1.25 - $1.75 billion
Fri to End the New Highs Month $4.25 - $5.25 billion

If Stox sell off in the face of this? Which would include the 20th in a Row Up Tuesday(if it does occur...it will)

dc CB 01:15 GMT May 23, 2013
Whenever any market experiences a daily price greater than the high of the previous period’s price and a low below the low of the previous period—you’ve got an outside day or reversal. But this ain’t your daddy’s stock market anymore my friend.

First, Bernanke’s congressional testimony was critical to an early rally given his assertion to maintain QE at current levels. But, he also suggested concerns about how markets would react should QE be tapered or (gasp!) removed.

Fed Minutes were released which noted various Fed governors wanting to halt QE in June and that certain “financial markets were becoming too buoyant”. BOOM! Stocks reversed. Is there a “Mutiny on the QE Bounty?

The hint of a halt to QE from the Fed Minutes trumped Bernanke’s QEinity congressional testimony.

You can be sure all this will be walked back Thursday. After all, Jobless Claims may beat, PMI Flash Mfg Index, Home Price Index and New Home Sales could bring the bulls quickly back to the fore.

Let’s see what happens.

A REVERSAL DAY FOR MARKETS

Melbourne Qindex 01:14 GMT May 23, 2013
EURCHF
Entry: Target: Stop:

EUR/CHF : The market is going to consolidate between 1.2529 - 1.2632 for the time being.


Qindex.com

EUR/CHF : Monthly Cycle Charts

UK Percy 00:32 GMT May 23, 2013
Congratulations once again to your plastic surgeon DR Q. A referral to Jay is highly recommended.

Melbourne Qindex 23:54 GMT May 22, 2013
The market is stable when it can trade within the range 1.2850 - 1.2875. On the other hand if 1.2814 - 1.2850 fails to hold, the next supporting range is 1.2778 // 1.2786.

Melbourne Qindex 23:53 GMT May 22, 2013
EURUSD
Entry: Target: Stop:




The market is stable when it can trade within the range 1.2850 - 1.2875. On the hand if 1.2814 - 1.2850 fails to hold, the next supporting range is 1.2778 // 1.2786.


Qindex.com

EUR/USD : Monthly Cycle Charts